As you read consider

According to Schumann:

• What is the enormous potential of globalization?
• What is his criticism of the IMF and the developed nations?
• What is the problem with tax evasion?
• What obligations do investors/owners of multinational corporations have to developing countries?
• How should Tariffs be used?
• How has globalization affected US workers (as an example of a developed nation)?

More words to know:
Transnational Corporation?
WTO (World Trade Organization)
OECD (Organisation for Economic Co-operation and Development)
Taxes
commodities
capital
economic liberalization
GDP (Gross Domestic Product)
GNP (Gross National Product)

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Two points of view on how Economic Globalization impacts people

Globalisation is Bad

Consider a mini case study of the negatives of Globalization we find in Schuman's analysis.


Globalisation is Good - Johan Norberg on Globalization

The world is an unequal and unjust place, in which some are born into wealth and some into hunger and misery. To explore why, in this controversial Channel Four documentary the young Swedish writer Johan Norberg takes the viewers on a journey to Taiwan, Vietnam, Kenya and Brussels to see the impact of globalisation, and the consequences of its absence. It makes the case that the problem in the world is not too much capitalism, globalisation and multinationals, but too little.

Discussion questions

1. Write a thoughtful response (around 300 words) to the questions below in your class discussion page in the toolbar on the left.
2. Comment on at least two other responses. One of your comments must be to a response without any comments. Make this something more substantial than, "Great Response!"

• Do you agree with Schuman's analysis? Why or why not.

An Interesting addition to our discussion:

http://finance.yahoo.com/blogs/daily-ticker/top-5-facts-america-richest-1-183022655.html